Enel Expands Into Canadian Innovation Ecosystem Partnership With MaRS
Enel has signed a membership agreement with MaRS Discovery District, North America's largest innovation hub, solidifying Enel's entry into the Canadian innovation ecosystem, the fourth-largest startup ecosystem in the world. The partnership will provide Enel with access to the Canadian innovation ecosystem and to a network of more 1,300 companies to help the global energy company scout and foster relationships with startups that present solutions capable of solving challenges specific to Enel's businesses.
BOSTON, Sept. 30, 2020 /PRNewswire/ -- Today, Enel, announced it has expanded its energy innovation reach into Canada through a partnership with MaRS Discovery District, North America's largest urban innovation hub. The partnership will provide Enel, one of the world's leading power companies, access to the MaRS network of more than 1,300 ventures and will help foster Enel's relationships within the Canadian innovation ecosystem, home to the world's fourth-largest startup concentration.
"With this new partnership in North America we are expanding our innovation footprint into one of the largest startup ecosystems in the world," said Luca Seletto, head of the Enel Innovation Hub in Boston. "North America continues to play an increasingly important role for Enel's global innovation strategy and the partnership with MaRS further solidifies our commitment to growing in this market. With MaRS, we will be able to expand our access to a large network of diverse startups and partners and broaden the reach of our open innovation model, which unites innovation and sustainability to drive our strategic plan and transform the energy sector."
Through the partnership, Enel will work with MaRS to identify startups with the greatest potential to address specific challenges launched by the company that align with existing needs within the business including on topics related to digitization, clean technology and automation, all with the ultimate objective of accelerating the energy transition.
"All sectors of the global economy depend on innovative startups to stay connected and agile when confronting major change," says Jon Dogterom, senior vice president of Venture Services at MaRS. "As companies across the globe become more tech-driven, we need innovative solutions coming out of Canada. This is an exciting partnership — Enel is one of the world's most innovative energy companies and MaRS has a strong history of working in the clean energy sector."
Once partner startups have been selected, Enel collaborates with them to provide support for the development of their technologies, including the possibility to test their solutions in Enel's plants and facilities and access the expertise of Enel's employees and partners as well as the different Labs that Enel has around the world. Startups collaborating with Enel can access a wide network of international partners and Venture Capital funds, and, most importantly, will have the opportunity to scale their solutions on Enel's operations around the world.
Enel will kick off its work with MaRS by introducing its global ReShape Challenge to the MaRS network. The deadline for ReShape has been extended on Sept. 29 as two new challenges have been added. The new challenges seek technologies able to improve both connectivity and business recovery in marginal and rural areas. They have been added to those already featured, such as digitalization and automation of workflow and activities in the construction of renewable power plants to increase efficiency and safety of workers.
Innovation is a core pillar of Enel's strategy and startups are important partners for Enel, with more than 300 collaborations implemented over the last three years and more than 60 solutions from startups scaled up at global level. In the U.S., Enel has two Innovation Hubs, one located in Boston and a second in San Francisco. The company has successfully collaborated with more than 50 North American startups, both with global divisions and to support operations across its two businesses in the region including its renewables arm Enel Green Power and its advanced energy services business line Enel X. Specifically, in North America, Enel has worked with startups to develop and test cutting-edge utility-scale solar asset management drone and software technologies to optimize field operations and maintenance of solar assets and develop an ultrasonic sensing technology that can improve the performance of lithium-ion battery management systems. Through the partnership with MaRS, Enel is seeking to replicate this success in the Canadian market.
In Canada, Enel has an existing operational portfolio in the country through its two businesses in the North America region. Through EGP, the company operates more than 210 MW of wind capacity in Canada across three wind projects in Alberta, including two that started operations in 2020. Enel X is a market leader in demand response in Ontario and Alberta and has a portfolio of operational and contracted battery storage projects exceeding 30 MW.
About Enel
Enel is a multinational power company and a leading integrated player in the global power, gas and renewables markets. It is the largest European utility by ordinary EBITDA, and is present in over 30 countries worldwide, producing energy with over 86 GW of installed capacity. Enel distributes electricity through a network of over 2.2 million kilometers and, with around 74 million business and household end users globally, the Group has the largest global customer base among its European peers. Enel's renewables arm Enel Green Power is the world's largest renewable private player, with around 46.4 GW of wind, solar, geothermal and hydropower plants installed in Europe, the Americas, Africa, Asia and Oceania. Enel X, Enel's global advanced energy services business line, is the worldwide demand response leader, with a total capacity of over 6 GW managed globally; the company has installed 110 MW of storage capacity as well as, in the electric mobility sector, it has made available around 130,000 public and private EV charging points worldwide.
Enel operates in the U.S. and Canada through two companies: Enel Green Power North America and Enel X North America. Enel Green Power North America is a leading owner and operator of renewable energy plants with a presence in 18 U.S. states and one Canadian province. The company operates around 70 plants with a managed capacity of over 6 GW powered by wind, hydropower, geothermal and solar energy. Enel X in North America manages over 10.5 billion U.S. dollars in customers' annual energy spend for approximately 4,500 business customers, spanning more than 35,000 sites. The company has approximately 4.7 GW of demand response capacity and over 70 behind-the-meter storage projects in operation or under contract. Enel X is revolutionizing the EV charging market with its smart charging solutions deploying around 60,000 charging ports in the U.S.
startup.enel.com| www.enel.com | https://www.enelx.com | https://www.enelgreenpower.com
About MaRS Discovery District:
MaRS is North America's largest urban innovation hub. A registered non-profit, MaRS supports high-growth startups and scale-ups tackling key issues in the health, cleantech, fintech and other sectors. In addition, MaRS convenes all members of the tech ecosystem to drive breakthrough discoveries, grow the economy and make an impact by solving real problems for real people — in Canada and around the world.
CONTACT:
Enel North America Media
[email protected]
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